- Oops!Something went wrong.Please try again later.
- Oops!Something went wrong.Please try again later.
Stock Monitor: Companhia Paranaense de Energia - COPEL Post Earnings Reporting
LONDON, UK / ACCESSWIRE / April 23, 2018 / Active-Investors.com has just released a free earnings report on Ormat Technologies, Inc. (NYSE: ORA) ("Ormat"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ORA. The Company posted its financial results on March 01, 2018, for the fourth quarter of the fiscal year 2017 (Q4 FY17) and for the full fiscal year 2017 (FY17). The Company reported a growth of 12.1% y-o-y in its quarterly electricity revenues, while electricity gross margin improved 1.9% during the reported quarter. Register today and get access to over 1000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for Companhia Paranaense de Energia - COPEL (NYSE: ELP), which also belongs to the Utilities sector as the Company Ormat Technologies. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Ormat Technologies most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
For Q4 FY17, Ormat posted total revenues of $166.37 million, which came in marginally lower than the $166.52 million recorded at the end of Q4 FY16. The Company's total revenue numbers fell short of market expectations of $169.4 million.
The geothermal Company reported a net income attributable to stockholders of $65.96 million, or $1.29 per diluted share, in Q4 FY17, up from $35.31 million, or $0.70 per diluted share, in Q4 FY16. Furthermore, market analysts had forecasted an adjusted net income of $0.57 per diluted share for Q4 FY17.
The Reno, Nevada-based Company's total revenues rose 4.6% to $692.81 million during FY17 from $662.59 million in FY16. Moreover, the Company's net income attributable to stockholders increased to $155.49 million, or $3.06 per diluted share, from $93.93 million, or $1.87 per diluted share, in FY16.
For Q4 FY17, the Company's total cost of revenues were $102.01 million, came in higher than the $99.88 million spent in the last year's same quarter. The Company's gross profit was $64.36 million, or 38.7% of total revenues, in the reported quarter versus $66.64 million, or 40.0% of total revenues, in Q4 FY16.
Ormat's research and development (R&D) expenses came in at $0.79 million compared to $0.73 million in Q4 FY16. The Company's selling and marketing (S&M) expenses were down to $3.52 million in Q4 FY17 from $4.29 million in Q4 FY16. The Company's general and administrative (G&A) expenses also declined to $9.85 million in Q4 FY17 from $10.09 million in the last year's comparable quarter. The Company's operating income stood at $48.40 million in the reported quarter compared to $51.23 million in Q4 FY16. Furthermore, the Company's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) was $87.42 million in the reported quarter compared to $76.94 million in Q4 FY16.
During Q4 FY17, Ormat's Electricity segment's revenues increased to $128.50 million from $114.63 million in Q4 FY16. The segment's cost of revenues was $75.02 million in Q4 FY17 compared to $69.16 million in the prior year's corresponding quarter. Furthermore, the segment's gross margin increased to 41.6% in Q4 FY17 from 39.7% in Q4 FY16.
Ormat's Product segment reported revenues of $37.86 million in Q4 FY17 compared $51.89 million in Q4 FY16. The segment's cost of revenues came in at $26.99 million in Q4 FY17 compared to $30.72 million in the previous year's same quarter. Additionally, the segment had a gross margin of 28.7% in Q4 FY17 compared to 40.8% in Q4 FY16.
For the full fiscal year ended December 31, 2017, Ormat generated cash from operations of $245.58 million compared to $159.29 million in the prior year. The Company's cash and cash equivalents balance stood at $47.82 million as on December 31, 2017, compared to $230.21 million at the close of books as on December 31, 2016.
In its earnings guidance for the full year FY18, Ormat projects total revenues in to be in the range of $688 million to $712 million; with the Electricity segment's revenues between $500 million and $510 million, and Product segment's revenues between $180 million and $190 million. The Company expects adjusted EBITDA to be in the band of $355 million to $365 million for FY18.
Stock Performance Snapshot
April 20, 2018 - At Friday's closing bell, Ormat Technologies' stock dropped 2.00%, ending the trading session at $57.72.
Volume traded for the day: 521.65 thousand shares, which was above the 3-month average volume of 258.85 thousand shares.
Stock performance in the last month – up 1.57%; and past twelve-month period – up 0.42%
After last Friday's close, Ormat Technologies' market cap was at $2.98 billion.
Price to Earnings (P/E) ratio was at 18.86.
The stock has a dividend yield of 1.59%.
The stock is part of the Utilities sector, categorized under the Electric Utilities industry.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.